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2020 MICRO PENNY TO WATCH OUT FOR
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sheerluck
Supreme |
20-Jan-2016 22:42
Yells: "Work for your money first then let your money work for you" |
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I am not making fun of others.  In my light-hearted manner of posting, I am passing a message.  It is cruel but it is a fact and life can be cruel to common folk.  Those on top gain 10% extra when each of those uncle and auntie contributed 1% extra but those on top cock up 1% we common folk lose 10%. 
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Qanghoo
Supreme |
20-Jan-2016 20:58
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I' m more concerned what ah gong might do.  If ah gong announce deal that plugs them again, next day polyclinc overflow liao. 
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sgng123
Supreme |
20-Jan-2016 20:18
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Problem is the buyer would not wanna to pay anything more than book value in this bear market.
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ecekca
Elite |
20-Jan-2016 19:40
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Does the book value included the Sete Brasil rigs?
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ecekca
Elite |
20-Jan-2016 19:39
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yeah. don' t make fun of pple. not nice  
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Know-Your-Stuff
Senior |
20-Jan-2016 18:50
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Yes think of the old folks. Even if take over at $2, i still make money. But is it good?  If your family or parents bought at $3 to $4 then you still can laugh ? None of my parents or family own this share and i only bought a bit recently.
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Goldfinger
Supreme |
20-Jan-2016 18:27
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Think it's not nice to rub salt into the wounds of the fallen.
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RedEye1811
Master |
20-Jan-2016 18:21
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The last time SembMarine was $4.10 was back in Jul 2014. The price in Jun 2015 was just touching $3 at start of month but fell consistently for rest of month so close around $2.85 by end month....
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Maller
Elite |
20-Jan-2016 17:55
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Tigerair is a different case as SMM is a bluechip and for years it was 3-4 dollars. Also it is an Ah Gong Co,  I tjink definitely it will be paid higher if buyout
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sp71171
Member |
20-Jan-2016 17:52
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i was looking at this stock jun15, it was around 4.10 i think, and as usual, many research said strong buy.  wonder where are those guys now? shorting big time
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sheerluck
Supreme |
20-Jan-2016 17:51
Yells: "Work for your money first then let your money work for you" |
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Sure we will spare a thought for them but we will not spare their pocket.  Wahahahahaha!  
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sgng123
Supreme |
20-Jan-2016 17:48
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Book value 1.40 and from tigerair case temasek would only offer 1.1x which work out to 1.54, 50% losses still for lot of investors. So much for blue chip, now they all acting like s chip lol |
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sp71171
Member |
20-Jan-2016 17:46
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funny that such idea is floating around, really.  even with a deep pocket (whoever it is), just dun make sense to take over now.  more economical way is to go through one round of rights issue, take up the right and dilute the rest, much cheaper to do it this way. the only candidate (if any)  to take over is th, which need not obtain shareholders approval, and can always justify that there is value.
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Maller
Elite |
20-Jan-2016 17:44
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I personally think 60% above share price is a likely price, if really privatise, abt $2.50. My 2 cents   Any guesses? |
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Qanghoo
Supreme |
20-Jan-2016 17:44
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I think we really shd spare a thought for the old uncles n aunties .... worked so hard with a sense of duty, loyalty n believe in this country.  When retire, also continue to have that strong sense that if they invest in glc, supposedly solid  fundamentals, will see them through their autumn yrs.    Maybe some think diversified better so hold some NOL, Stel, SPost, SMM, KC, DBS - all gahment type.  Now all died (Stel n SPost still not too bad).  Imagine the stress they are in.  NOL already kena plugged big time.  Can they withstand another slaughter if SMM is snatched away < 2.  Very very sad. 
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Maller
Elite |
20-Jan-2016 17:39
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I think they will privatise. If not, how come the newspaper give hints??? LOL |
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sheerluck
Supreme |
20-Jan-2016 17:38
Yells: "Work for your money first then let your money work for you" |
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GE just over.  Next GE long time away.  Want to privatise cheap now is the time.  After that throw in some perks, still can buyover uncle auntie votes.
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Know-Your-Stuff
Senior |
20-Jan-2016 17:32
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I also dont think buyout or merger  will happen. How much can they offer for SMM at the current cheap share price? From what i know, there are many uncles and aunties who used their retirement money or CPF to invest in this company as their retirement fund. They are sitting on 50% to 75% paper losses now unless  SCI will offer $3 or $4. The cheap sale of NOL already make some old folks heartbroken. Later this year, we may see some drama when the retirees refuse to sell NOL. Confident was already lost in the GLC  and so called blue chips like NOL. So unless they want to see votes drop big time again in GE.  I guess worst case is rights issue or TH or SCI inject some funds into SMM. SMM will survive on its own after 1 or 2 years of bad results. They have other engineering capabilities besides building rigs. My 2 cents.
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blurtrader
Master |
20-Jan-2016 15:16
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1) I doubt it will be privatised, its carrying up lots of debt due to the building of megayard and brazil yard   2) If its gonna happen, still likely to be above book value... last reported at $1.4
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vivacious
Supreme |
20-Jan-2016 15:03
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guys, 2 burning questions:  1) When u think SMM will be privatiised? 2) At what price? Holding SMM at a huge paper loss.... :(   |
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